$ETH

As of May 16, 2025, Ethereum (ETH) is trading at approximately $2,588.77, reflecting a slight decrease of 0.09% over the past 24 hours.

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๐Ÿ“ˆ Ethereum (ETH) Price Prediction & Technical Analysis

๐Ÿ”น Short-Term Outlook (Mayโ€“July 2025)

Resistance Levels: $2,624.59, $2,710.83, and $2,780.67.

Support Levels: $2,468.51, $2,398.67, and $2,312.43.

Technical Indicators: The 50-day Exponential Moving Average (EMA) is at $1,977.83, indicating a bullish trend. The Relative Strength Index (RSI) stands at 77.23, suggesting overbought conditions.

Price Forecast: If ETH maintains its momentum and breaks above the $2,700 resistance level, the price could target the $2,750โ€“$2,900 range by the end of May. Conversely, a short-term correction could see support around $2,250โ€“$2,300.

๐Ÿ”น Mid-Term Outlook (End of 2025)

Bullish Scenario: Analysts project that ETH could reach between $4,392 and $5,925 by the end of 2025, contingent on market conditions and continued network growth.

Bearish Scenario: In a less favorable market environment, ETH might experience a decline, with some predictions suggesting a potential drop of up to 13.25% from current levels.

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๐Ÿ“Š Key Technical Levels

Immediate Resistance: $2,624.59

Immediate Support: $2,468.51

50-day EMA: $1,977.83

RSI: 77.23 (Overbought)

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โš ๏ธ Disclaimer

This information is for educational and informational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to high market risks and volatility. Always conduct your own research and consult with a financial advisor before making investment decisions.